Pension

Premium Pension Record Outstanding Financial Performance Nine Months 2018* Paid Out N86bn In Lump Sum, Programmed Withdrawal

L-R: Kabir A. Tijjani
Executive Director, Business Development (North) & Investment; Mr. Umar Sanda Mairami
Chief Executive Officer; Kemi Oluwashine, Executive Director and Aliyu Mohammed Ali, Head Corporate Communications at the event

 

 

 

 

 

Premium Pension Limited on Friday said it has paid out over N86billion in lump sum and programmed withdrawal benefits, since inception, representing 18% of total amount paid by the industry, in this regard.

The company also disclosed that it account for over 10 percent of total industry retirees on Programmed Withdrawal.

Mr. Umar Sanda Mairami Chief Executive Officer,disclosed this during a media briefing in its Lagos Island regional office  that its emphasis is ensuring the payment process is as seamless as possible, for our customers, and with necessary risk controls and we will continue to ensure this is the case.

He added that its AUM first nine months of 2018 grew 13.7 percent.

This the company said is a significant improvement from industry AUM growth over the previous period ended Aeptember 2017.

He explained that its  performance speaks to the company’s commitment to being an industry leader, not only in growth of RSA numbers but also in investment performance.

He said : ” we recorded a 4.96% growth in our RSA numbers, an improvement from total industry trend of 4.5%.

“We were therefore delighted to see our oldest and largest RSA Fund II reported in the online press, recently, as the best performing RSA Fund II in the Industry, year to September 2018. That Fund was also the first to attain a N4.0000 unit price, within the industry, and this performance corresponds to an annual average return of 12%, since inception in 2006.

“In a drive to ensure we continue to improve our efficiency levels and invariably customer experience, we adopted two International Organization for Standardization (ISO) management systems, specifically ISO 9001:2015 Quality Management System (QMS) and ISO 27001:2013 Information Security Management System (ISMS).

He also disclosed that the company was recently recertified for the later and currently in the final stages of getting certified for the former. These projects he said were implemented simultaneously with its kind new, fully integrated and customer-centric Core Business Application.

He explained that all of these initiatives are being embarked upon to differentiate ourselves using technology – easy-to-use multi interaction platforms for our customers -and improve the customer journey with us.

He assured that its contributors and retirees are at the centre of all the company does,l. We appreciate their consistent feedback and support, which has served as input into all the improvement projects currently being implemented. We restate our commitment to remain true to our core values – Care, Integrity, Transparency, Ethics and Professionalism – in carrying out all our duties to them and other key stakeholders. We thank you for the opportunity to be heard and look forward to consistent support from the Association.

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